GBPJPY - Bullish Consolidation
In GBPJPY, various indicators show pronounced bullish divergences in the major time frames. The candlestick chart also shows a consolidation formation at a high level, which suggests an imminent upward breakout. This idea shows two possible targets for a long trade: a conservative and an aggressive target.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.